Swiss National Bank Has $900,000 Position in Pengrowth Energy Corporation (PGH)

Swiss National Bank held its stake in shares of Pengrowth Energy Corporation (NYSE:PGH) (TSE:PGF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 899,900 shares of the oil and gas company’s stock at the end of the first quarter. Swiss National Bank’s holdings in Pengrowth Energy Corporation were worth $900,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PGH. Grace & White Inc. NY boosted its stake in shares of Pengrowth Energy Corporation by 11.3% in the first quarter. Grace & White Inc. NY now owns 3,021,368 shares of the oil and gas company’s stock worth $3,021,000 after buying an additional 306,834 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Pengrowth Energy Corporation by 46.2% in the first quarter. Acadian Asset Management LLC now owns 561,100 shares of the oil and gas company’s stock worth $560,000 after buying an additional 177,400 shares during the period. US Bancorp DE boosted its stake in shares of Pengrowth Energy Corporation by 9.7% in the first quarter. US Bancorp DE now owns 320,397 shares of the oil and gas company’s stock worth $321,000 after buying an additional 28,240 shares during the period. Norges Bank bought a new stake in shares of Pengrowth Energy Corporation during the fourth quarter worth $297,000. Finally, Albert D Mason Inc. boosted its stake in shares of Pengrowth Energy Corporation by 128.2% in the first quarter. Albert D Mason Inc. now owns 152,784 shares of the oil and gas company’s stock worth $153,000 after buying an additional 85,825 shares during the period. Hedge funds and other institutional investors own 17.80% of the company’s stock.

Pengrowth Energy Corporation (NYSE:PGH) opened at 0.7713 on Monday. The firm’s market capitalization is $425.95 million. The company’s 50-day moving average price is $0.85 and its 200 day moving average price is $1.13. Pengrowth Energy Corporation has a 12 month low of $0.73 and a 12 month high of $1.84.

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PGH has been the subject of a number of analyst reports. Canaccord Genuity upgraded Pengrowth Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, March 24th. TD Securities raised Pengrowth Energy Corporation from a “reduce” rating to a “hold” rating in a research report on Wednesday, April 26th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of Pengrowth Energy Corporation in a research report on Wednesday, May 3rd. Scotiabank lowered Pengrowth Energy Corporation from a “sector perform” rating to an “underperform” rating in a research report on Monday, March 27th. Finally, Royal Bank of Canada raised Pengrowth Energy Corporation from an “underperform” rating to a “sector perform” rating and set a $1.75 target price on the stock in a research report on Tuesday, March 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $2.06.

Pengrowth Energy Corporation Company Profile

Pengrowth Energy Corporation is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. The Lindbergh thermal property is located approximately 420 kilometers north east of Calgary, Alberta and 50 kilometers south of Bonnyville, Alberta.

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Institutional Ownership by Quarter for Pengrowth Energy Corporation (NYSE:PGH)

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